Noting that billionaires have been responsible for creating thousands of jobs over the years, the report said that "they started some of the country's biggest employers, including companies like Wal-Mart, Microsoft and Dell, to name a few."
"In 2002, Home Depot -- founded by billionaires Bernard Marcus and Arthur Blank--partnered with the US Department of Labor to hire 40,000 associates a year. In 2006, Microsoft added 10,081 worldwide hires, the most in its history."
This year, these businesses, like the moguls who founded them, are feeling the economic pinch: In January, Microsoft announced an 18-month plan to eliminate 5,000 jobs across its research and development, marketing, sales, finance, legal, human resources and information technology departments.
"Home Depot slashed 7,000 positions. While the Walton family's Wal-Mart just announced it was giving a reported $2 billion to its hourly employees, the nation's largest retailer said in February that it was laying off 700 employees at its Bentonville, Arkansas, headquarters and another 1,200 Canadian employees."
Image: Microsoft CEO Steve Ballmer during a news conference at Mobile World Congress in Barcelona. | Photograph: Albert Gea/Reuters
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